- Yatra Online, Inc. YTRA reported third-quarter adjusted revenue growth of 42.5% year-on-year to $17.997 million, beating the consensus of $11.960 million.
- The increase in revenue was primarily due to a recovery in the consumer and corporate travel business.
- Adjusted revenue from the Air Ticketing business increased 39.2% Y/Y to $12.2 million. The Hotels and Packages business revenue increased by 20.6% Y/Y to $3.1 million.
- Total Gross Bookings (Air Ticketing, Hotels and Packages, and others) totaled $191.1 million, representing an increase of 33.4 Y/Y.
- Adjusted EBITDA was $0.4 million, reflecting a decrease of 18.2% Y/Y.
- Adjusted EPS loss was $(0.03).
- Yatra Online held $13.1 million in cash and equivalents.
- Price Action: YTRA shares closed at $1.90 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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